SunSirs: Early Forecast of Domestic Phenol Market on October 23rd

https://www.chemnet.com   Oct 23,2024 SunSirs

Price trend

Sinopec's East China phenol listing price remains stable at 7,750 RMB/ton.

Analysis review

The domestic phenol market has been boosted narrowly, and the spot supply is still tight, with little supply pressure. Considering the high average contract price, traders' willingness to offer discounts has weakened, and terminal participation is generally moderate. Downstream demand is dominant, and the domestic phenol market is operating steadily.

Market outlook

It is expected that the phenol market will remain stable today, and attention should be paid to the cost and supply and demand situation.

The phenol offers in various markets across the country on October 22nd were as follows:

East China region: 7,700 RMB/ton, unchanged

Shandong region: 7,700 RMB/ton, unchanged

Surrounding area of Yanshan Mountain: 7,750 RMB/ton, unchanged

South China region: 7,750 RMB/ton, unchanged

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

 Print  |    add to Favorites  |    Close